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Monthly Archives: September 2014

The Ukrainian conflict and gold prices

Reports abound that Tuesday’s (Sept. 2) drop in the price of gold was due to a ceasefire between Ukraine and separatist forces, or whatever you wish to call them.  Russian proxies–even Russian soldiers–would be more accurate. It is unlikely that any resolution to the Ukrainian conflict will please the West.  Vladimir Putin holds all the

CBO forecasts persistent and growing deficits

The Congressional Budget Office (CBO) recently changed its projection for fiscal year ending September 30 to show a deficit of $506 billion.  Despite the national debt now being north of $17.6 TRILLION and having doubled since Obama took office, statist economists, columnists and apologists immediately praised the $506 billion number. The LA Times; “. .